The SEC’s Investor Advisory Committee is slated to take up draft subcommittee recommendations regarding SPACs, reports the Cooley law firm writing for JD Supra.
The new SPAC recommendations address SPAC regulatory and investor protection issues that have been under scrutiny as a result of the proliferation of SPACs in 2020 and 2021. The IAC subcommittee observes that the SEC and its staff have addressed many issues related to SPACs in staff guidance, and the topic’s appearance on the SEC’s most recent agenda signals that it may be headed for further regulatory action. Read more.
